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$525,000

1621 DR MARTIN LUTHER KING WAY, SARASOTA, FL 34234

Active187 days on market

Beds

4

Baths

3

Sq Ft

2,075 sq ft

Year Built

2009

Lot Size

0.12 acres

Garage

2

About This Property

This multi-tribe property at 1621 Dr Martin Luther King Way is a fantastic investment opportunity. Open concept layout with an elegant fireplace in the living room and a kitchen design for entertaining with stainless steel appliances and granite countertops. Conveniently located near shopping, dining, and public transportation. This home is 10 minutes from Sarasota's nearest award winning sugar sand beach, the library, Van Wenzel performing Art Hall, restaurants, walking distance to downtown Sarasota, hospital, major shopping Mall, Ringling Museum and Ringling Art school, five minutes from Sarasota - Bradenton airport. The property provides easy access to everything the area has to accord. The exterior boasts well-maintained landscaping, providing a welcoming first impression. Don't miss the chance to own this versatile income-producing property. The home has two bedrooms with attached bathrooms, one on the first floor, and the other on the second floor.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #O6395721
StatusActive
Year Built2009
Total Rooms9
ConstructionBlock
RoofTile
FoundationConcrete Perimeter
FacesSouth
SubdivisionNEWTOWN HEIGHTS FIRST ADD TO
CountySarasota
OwnershipFee Simple
FurnishedNegotiable

Interior Features

InteriorCeiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
FlooringCeramic Tile, Laminate
AppliancesBar Fridge, Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
LaundryIn Garage
CoolingCentral Air
HeatingCentral
FireplaceYes ()

Exterior & Lot

ExteriorBalcony, Courtyard, French Doors, Garden, Lighting, Private Mailbox, Sidewalk
Lot Size0.12 acres (5,177 sq ft)
Lot Dimensions100 x 100
Road SurfaceAsphalt
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Street Lights, Water Connected

Parking

GarageYes (2 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$525,000
Annual Taxes$1,424 (2026)
FinancingCash, Conventional, FHA, Other, VA Loan
ZoningCBN
Parcel #2020150025

Directions

Directions: From I-75 South: Exit 210 (Fruitville Rd) - Left On 301 - Left On MLK - House On The Right Before Orange Avenue. From I-75 North: Exit 213 (University Parkway) Left On 301 Toward Downtown Sarasota - Right On MLK - House On The Right. From 41 South : Right On MLK - House On The Right After Orange Avenue. From 41 North : Left On MLK - House On The Left After Orange Avenue.

Location

1621 DR MARTIN LUTHER KING WAY, SARASOTA, FL 34234

Listing Information

OfficeBEYCOME OF FLORIDA LLC
ListedApril 2, 2026

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Home Price

$525,000

20% ($105,000)
6.75%

Loan Term

Principal & Interest$2,724
Property Tax (est.)$481
Insurance (est.)$150
Total Monthly$3,355
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How to Buy This Home

Multiple financing options available for this $525,000 home in SARASOTA.

🏛️

FHA Loan

$18,375 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$26,250 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: June 17, 2026.

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